Stock Market & Financial Investment News

HP could rise 20%, Barron's saysHP shares could climb 20% in the next year as Meg Whitman's turnaround progresses and the company's free cash continues to grow, Barron's contends in a feature article. The company has the lowest valuation out of the big tech stocks, the paper adds. Reference Link

Oracle said to hire former HP executive Dave Donatelli, Business Insider reportsAccording to multiple sources, Oracle (ORCL) has hired former HP (HPQ) executive Dave Donatelli, Business Insider reports. Donatelli is said to have been named as Oracle's newest executive VP of hardware, reporting to his former boss, Mark Hurd, the co-CEO of Oracle. Reference Link

HP close to deal to sell control of H3C Technologies, WSJ reportsAccording to sources, The Wall Street Journal reports Hewlett-Packard is close to a deal to sell a 51% stake in H3C Technologies, its data-networking business in China, to Tsinghua Unigroup. One source cautions that a deal may still be "a few weeks away," adding that it may also include a separate server operation. The business is said to be worth about $5B in total. Reference Link

Jefferies Euro offshore IT services analyst has analyst/industry conference callAnalysts discusses the market growth in Ofshore IT Services in Continental Europe which is expected to outpace project growth in the U.S., with Cognizant Technology Solutions/EPAM Systems best positioned and IBM/Hewlett Packard disadvantaged on an Analyst/Industry conference call to be held on March 20 at 10 am.